Question
3. Explain the importance of each of the following issues in the context of bond securities: (a) Interest rate risk (9) (b) Indentures (9) (c)
3. Explain the importance of each of the following issues in the context of bond securities:
(a) Interest rate risk
(9)
(b) Indentures
(9)
(c) Ratings
(8)
(d) Clean v Dirty prices
(8)
(e) Zero coupons
(8)
(f) The Fisher effect and the difference between real and nominal returns
(8)
(50)
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
